23-3 Exercises & Problems Factory Overhead Cost Variances The following data relate to factory overhead cost for the production of 8,000 computers: Actual: Variable factory overhead $260,000 Fixed factory overhead 71,500 Standard: 312,000 8,000 hrs. at $39 If productive capacity of 100% was 13,000 hours and the total factory overhead cost budgeted at the level of 8,000 standard hours was $339,500, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $5.5 per hour. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Variance Favorable/Unfavorable Amount (> Variable factory overhead controllable variance Fixed factory overhead volume variance $ Total factory overhead cost variance Check My Work Previous Next 2 more Check My Work uses remaining